Economist Explains Reasons for Advocating Fuel Rationing in Iran

One of the most fervent advocates of new regulations on fuel consumption in Iran says a series of public protests in the wake of a recent hike in the price of subsidized gasoline had other social reasons.

Operation Underway to Stop Leak Off Iranian Rig

Iranian authorities say a major leak that has taken place off an oil rig in the Persian Gulf waters is being contained as they insist more work would be needed to stanch the expanding spill.

Iran Foils Enemy’s Plot to Launch Major Attack on Its Oil Pipelines

Iran says it has managed to foil the enemies' plot to blow up the country’s oil pipelines in Asalouyeh, apparently hatched in retaliation for Yemeni forces’ September attack on Saudi Arabia’s Aramco oil facilities.
Cash Subsidies Paid to 60m Iranians after Gas Price Hikes

Cash Subsidies Paid to 60m Iranians after Gas Price Hikes

A senior Iranian official says cash subsidies to improve the Iranian people’s livelihoods have been paid to some 60 million citizens in the past few days after gasoline prices were tripled.

President, Speaker, Judiciary Chief Hold Meeting on Fuel Price Hikes

The recent decision to triple the fuel prices, which has caused sporadic protests across the country, was discussed on Saturday in a meeting of the Supreme Council of Economic Coordination.

Demonstrators Take to Streets to Protest Fuel Price Hike in Iran

Sporadic protests have erupted in various Iranian cities on Saturday one day after gasoline prices were tripled without any earlier announcement.

Iran Substantially Raises Gasoline Prices

Iran has begun rationing on the purchase of gasoline and substantially increased the price of fuel in a move to assist the needy.
Iran Oil Minister Gives Details of Newly-Discovered Oilfield

Iran Oil Minister Gives Details of Newly-Discovered Oilfield

The Namavaran oilfield recently discovered in Khuzestan Province, south-west of Iran, is the country's second largest reservoir, Iranian Minister of Petroleum Bijan Namdar Zangeneh said.
New Large Oil Field Discovered in Iran President Rouhani 1

New Large Oil Field Discovered in Iran: President Rouhani

The Iranian president says a large new oil field with proven reserves of 53 billion barrels of crude has been discovered in the country.

Iran, Armenia Discuss Energy Trade

The Oil Minister of the Islamic Republic of Iran and the Republic of Armenia’s Minister of Territorial Administration and Infrastructures discussed the exchange of natural gas and electricity between the two neighbors.